Decision on Third-Party Allotment Rights Offering for Debt Repayment (Approx. KRW 6 Billion, 1,976,935 Shares)

Sonokong decided on a third-party allotment rights offering of approximately KRW 6 billion (1,976,935 shares) to repay debt
Issue price is KRW 3,035 (reflecting stock split), based on a 10% discount on the reference price of KRW 674 and subsequent stock split adjustment
Allottee is the largest shareholder HK Mobility Company, with full 1-year lock-up
All proceeds (approx. KRW 6 billion) will be used to repay convertible bonds from SangSangin Savings Bank and SangSangin Plus Savings Bank
Pre-issuance shares total 13,386,632 (post-split basis); new shares represent approximately 14.8% dilution